In this course, you will dive into the concepts of rationality and irrationality and understand how they impact our investment decisions and what the consequences can be at the market level.
You will first explore the different biases that we, as humans, are subjected to when facing investment decisions and how they may impact the outcomes of these decisions. Moreover, you will see how emotions and ethical concerns such as honesty and trust influence market participants. When they are considered as a group rather than individually, you will discover how rationality and irrationality can drive asset prices to and away from their fair value. Finally, you will be presented with different portfolio construction methodologies and investment styles that make up the landscape of today's portfolio management industry.
At key points throughout the course, you will benefit from the practical knowledge of experts from our corporate partner, UBS, in how to build and manage clients' portfolios.
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Investmentmanagement
Meeting Investors' Goals
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Über diesen Kurs
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Kompetenzen, die Sie erwerben
Portfolio ConstructionInvestment StyleCognitive BiasInvestment
Lehrplan - Was Sie in diesem Kurs lernen werden
Woche
11 Stunde zum Abschließen
General Introduction and Key Concepts
In this introductory week, we will start by illustrating how emotions can hinder sensible investment decisions. You will then have the opportunity to check if you master the concepts of the first course that are important for this second course. Finally, we will lay the ground for next week’s content by looking at rational decision making.
7 Videos (Gesamt 36 min), 2 Lektüren, 3 Quiz
7 Videos
An example: buying is easy, but when is it a good time to sell? - Buying7m
An example: buying is easy, but when is it a good time to sell? - Holding3m
An example: buying is easy, but when is it a good time to sell? - Selling10m
The key things you need to know to define your investment profile - UBS guest speaker4m
What you will learn in this Module1m
Rational decision making7m
2 Lektüren
Course syllabus5m
Glossary10m
3 praktische Übungen
Practice quiz on the relevant content of Course 1 (Understanding Financial Markets)10m
Guess 2/3 of the average2m
Graded quiz on the content of Week 110m
Woche
22 Stunden zum Abschließen
How Individuals Make Financial Decisions
The focus of this second week is on you, the investor: what are the reasons you participate in financial markets? How do you make investment decisions? What can go wrong in your decision process and what are the consequences? What can you do about it? To answer these questions, we will talk about cognitive biases, emotions and moral values and their respective link with investment decisions.
15 Videos (Gesamt 83 min), 2 Quiz
15 Videos
The basic steps in investment2m
Biases when choosing which assets to look at3m
Biases when processing financial information4m
Biases when rebalancing you portfolio4m
Biases when evaluating performance2m
Wrap up3m
How our emotions impact our investment decisions4m
Why we trade6m
What can we learn from this?9m
The role of media in financial markets10m
Honesty and trust in investment decision making - Study design10m
Honesty and trust in investment decision making - Study results5m
Impact Investing - UBS guest speaker4m
Are emotions always a bad thing in investing?4m
1 praktische Übung
Graded quiz on the content of Week 210m
Woche
33 Stunden zum Abschließen
Market Efficiency, Bubbles & Crises
In this third week, we will have a look at investors’ behavior as a group. How does it impact asset prices? How do these prices reflect available information? What does it imply for the profitability of some trading strategies? What can go wrong in this price formation process and how can (and did) it cause financial bubbles and crises? This week also features as special guest: Prof. Jean-Pierre Danthine, former vice-chairman of the Swiss National Bank, who will offer insights into some of these issues.
18 Videos (Gesamt 138 min), 2 Quiz
18 Videos
Defining market efficiency6m
Testing for the efficient market hypothesis: Weak form7m
Testing for the efficient market hypothesis: Semi strong form6m
Testing for the efficient market hypothesis: Strong form4m
Overview of different origins of financial crises3m
A first example for the development and fallout of a real crisis: the VW scandal4m
A second example for the development and fallout of a real crisis: oil shocks - 1970s8m
A second example for the development and fallout of a real crisis: oil shocks - 2000s6m
A first example of an anticipation crisis: 1987 - The "Fed Model"9m
A first example of an anticipation crisis: 1987 - The crash8m
A second example of an anticipation crisis: 200010m
The perfect storm: the global financial crisis - Global imbalances9m
The perfect storm: the global financial crisis - Policy errors9m
The perfect storm: the global financial crisis - Lax regulation7m
How do central banks deal with the issue of financial (in)stability? - Course 1 recap10m
How do central banks deal with the issue of financial (in)stability? - Asset prices8m
An interview with Prof. Jean-Pierre Danthine16m
2 praktische Übungen
Graded quiz on market efficiency10m
Graded quiz on the origins of financial bubbles and crises10m
Woche
42 Stunden zum Abschließen
Portfolio Construction and Investment Styles
In this final week, we will look at two main portfolio construction methodologies: top-down and bottom-up. We will see how they differ but also how they can be combined. In the second lesson, we will review some important investment styles that are commonly used in the portfolio management industry. In this final lesson, you will also be given the opportunity to experiment with different trading strategies and compare your results with fellow learners.
11 Videos (Gesamt 87 min), 2 Quiz
11 Videos
Building a portfolio the top-down way – Definition8m
Building a portfolio the top-down way – Use7m
Building a portfolio the top-down way – Importance6m
Portfolio construction via bottom-up - UBS guest speaker7m
Value versus growth12m
Fundamental or quantitative driven style? - UBS guest speaker3m
Contrarian versus momentum - Momentum10m
Contrarian versus momentum - Contrarian8m
Core & satellite11m
Thematic investing - UBS guest speaker3m
2 praktische Übungen
Graded quiz on portfolio construction10m
Graded quiz on investment styles10m
17%
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Top-Bewertungen
I heartily thank everyone participate in this course . this course gave me a comprehensive knowledge about different types of investment styles and the optimum way to build an investment portfolio .
Excellent coverage of topics. Personal favorite was the behavioral aspects in investing- the biases. Great practical industry insights from the UBS team as well. Highly recommended course.
Dozenten
University of Geneva- Tony Berrada
SFI Associate Professor of FinanceGeneva Finance Research Institute
University of Geneva- Jonas Demaurex
Teaching AssistantGeneva Finance Research Institute
University of Geneva- Rajna Gibson Brandon
SFI Senior Chaired Professor of Finance and Managing Director of the GFRIGeneva Finance Research Institute
University of Geneva- Michel Girardin
Lecturer in Macro-Finance - Project Leader for the "Investment Management" specializationGeneva Finance Research Institute
University of Geneva- Kerstin Preuschoff
Associate Professor of Neurofinance and NeuroeconomicsGeneva Finance Research Institute
University of Geneva- Olivier Scaillet
SFI Senior Chaired Professor of Finance and Vice-dean (research) at GSEMGeneva Finance Research Institute
University of Geneva- Philip Valta
SFI Assistant Professor of FinanceGeneva Finance Research Institute
Über Universität von Genf
Founded in 1559, the University of Geneva (UNIGE) is one of Europe's leading universities. Devoted to research, education and dialogue, the UNIGE shares the international calling of its host city, Geneva, a centre of international and multicultural activities with a venerable cosmopolitan tradition.
Über die Spezialisierung Investmentmanagement
In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational behaviors have in finance at the micro and macro levels. You will then learn how to adequately build and manage a portfolio with a long-term view while gaining an appreciation for novel research advances in finance and related areas as well as future trends that are shaping the investment management industry. In the final Capstone Project, you will create a sensible 5-year investment plan that accounts for an investor's goals and constraints in a dynamic economic landscape. Key speakers from UBS, our corporate partner, will contribute to this specialization by providing you with practical insights they have gathered through years of experience working for the world’s largest wealth manager.
Director of this Specialization and main teaching contributor: Dr. Michel Girardin, Lecturer in Macro-Finance, University of Geneva
Häufig gestellte Fragen
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Was bekomme ich, wenn ich diese Spezialisierung abonniere?
Wenn Sie sich für den Kurs anmelden, erhalten Sie Zugriff auf alle Kurse der Spezialisierung und Sie erhalten nach Abschluss aller Arbeiten ein Zertifikat. Ihr elektronisches Zertifikat wird zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.
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